Cotton Continued To Rise And India Cotton Prices Remained Stable.

On the 4 day, driven by speculative buying and rising external market and US stocks, ICE cotton continued to rise; Pakistan cotton market remained stable for many days, and textile enterprises wait-and-see attitude increased; on the 4 day, India cotton prices remained stable, and textile enterprises purchased negative ones; rainfall returned to the southeastern cotton region of the United States.

　 First, futures

The main contract in March closed at 88.32 cents / pound, up 46 points; in May, the settlement price was 89.22 cents / pound, up 89 points; the 1407 month contract closed at 88.47 cents / pound, up 80 points. The main contract in May rose generally in the early morning, the shock rose below 89 cents, the market broke 89 cents before closing up 89 points; market volume generally.

　　 Two. Goods in stock

On the 4 day, the CotlookA index was 94.30 cents / pound, up 100 points. Imported cotton price index (FCIndex) SM reported 100.34 cents / pound, up 76 points; M reported 97.36 cents / pound, up 71 points; SLM reported 96.43 cents / pound, up 58 points.

Driven by the cotton rise of the previous day, the spot price rose on the 4 day and the market contracted. The Thailand, Indonesia and Vietnam textile enterprises sent inquiries to West African cotton, but buyers had lower psychological prices. Taiwan textile enterprises purchase Cote d'Ivoire cotton, Vietnam purchase American cotton, Chinese textile enterprises purchase negative.

　　 Three. Dynamics of countries

4 days in Pakistan Cotton market Still sluggish, market transactions are very few, most of the textile enterprises choose to wait and see, a handful of ginning factories sell stocks at low prices.

On the 4 day, the S-6 cotton gin plant in India picked up a price of 41900 rupees /candy (about 86.4 cents), unchanged from the previous day, and J-34 cotton 89.3 cents / pound.

The recent cloudy weather in the southeastern lowlands of the United States will be transformed into rainfall 6 days later. It rains in the central and southern parts of Alabama and Georgia. In the southern part of Georgia, the corn is sown, and the north and South Carolina has 6 rainy days.

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With the adjustment of policies and the approaching of the marketization of cotton prices, it seems that cotton spinning enterprises, which have been troubled by the difference of cotton prices between home and abroad, have seen the dawn. In this regard, Gao Yong, vice president of China Textile Association, said that after the implementation of the new cotton direct subsidy policy in September, it did not mean that the cotton textile industry suffered all kinds of hardships. He pointed out that the impact of the cotton purchasing and storage policy on the cotton textile industry was at least 3 years, and the enterprises should be psychologically prepared.

The implementation of cotton direct subsidy policy will make it possible for cotton mills to expect cotton prices to become market-oriented. However, enterprises are worried about the high inventory of state-owned cotton reserves. At present, the national cotton storage does not form a long-term price mechanism. It is still fixed by the government. If the price of cotton is in line with the market, the existing cotton and cotton yarn stock will lose money.

In recent years, with the increase of physical and chemical costs, labor costs, loan interest and other non deductible parts become more and more high, and the proportion of deductible parts in the past is getting lower and lower. The existing policies can no longer meet the development of the industry.